According to the minutes, Sidway (previously called Merhis Contracting) held the contract to build Stacey Apartments, a $78 million-development of 146 units at 196 Stacey Street, Bankstown, which was completed last year.
The Sidway minutes also contain the assertion from Mr Hathway, managing director at corporate insolvency firm Helm Advisory, that “members of the Merhis Group were engaged in Phoenix Activity”.
A Merhis apartment project under construction in Parramatta.Wolter Peeters
Phoenixing is an illegal activity whereby a new company is created to continue the business of a company that has been deliberately liquidated to avoid paying its debts.
Merhis is led by Mark Merhi, the director and sole shareholder of Merhis Corp and Merhis Li…
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